Hi people, we are in a critical zone for BTC the next days. It is the important 200-day EMA resistance. As you can see on my trend analysis, BTC is slowly touching this level above.
This level is so important, that we have to see a strong upmove across the 200-day EMA line to move higher, otherwise we could have a pull back from that level witch will bring us to 5700.
MACD shows a bullish divergence, remember that only a bearish MACD cross to the downside confirms a downtrend.
The level above us where we move if we cross the resistance right now is at 9200 - 9300!
This level is so important, that we have to see a strong upmove across the 200-day EMA line to move higher, otherwise we could have a pull back from that level witch will bring us to 5700.
MACD shows a bullish divergence, remember that only a bearish MACD cross to the downside confirms a downtrend.
The level above us where we move if we cross the resistance right now is at 9200 - 9300!
Comment:
Breaked out! Target: 9200